Establishment of Project Fund Sample Clauses

Establishment of Project Fund. The Borrower shall establish and maintain with the Trustee under the Bond Indenture its special funds designated the “Xxxxxx County Industrial Development Corporation Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2010 Project Fund” (herein sometimes referred to as the “Project Fund”) and the “Xxxxxx County Industrial Development Corporation Marine Terminal Revenue Bonds (HFOTCO LLC Project and the Xxxxxx County Industrial Development Corporation Marine Terminal Revenue Bonds (HFOTCO LLC Project) Series 2010 Costs of Issuance Fund” (herein sometimes referred to as the “Costs of Issuance Fund”) for the purpose of financing the Costs of the Projects. All amounts held for the credit of the Project Fund and the Costs of Issuance Fund shall be invested and disbursed solely as provided in the Bond Indenture.
Sample 1
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Establishment of Project Fund. The Trustee shall establish a special fund designated as the “MiraCosta Community College District Certificates of Participation (2023 School Financing Project) Project Fund,” referred to herein as the “Project Fund”; shall keep the Project Fund separate and apart from all other funds and moneys held by it; and shall administer such fund as herein provided. The Project Fund shall be held and applied by the Trustee in accordance herewith.
Sample 1
Establishment of Project Fund. There is hereby created and established with the Trustee a Project Fund. The Issuer shall pay or cause to be paid to the Trustee the proceeds from the sale by the Issuer of the Bonds, and the Trustee shall deposit the same in the Project Fund.
Sample 1
Establishment of Project Fund. The Trustee shall establish a special fund designated as the “Xxxxxxxxxx County Public Facilities Corporation 2018 Master Trust Agreement Project Fund,” shall keep such fund separate and apart from all other funds and moneys held by it and shall administer such fund as herein provided. When a Series of Notes is delivered under this Master Trust Agreement, the Trustee may establish separate accounts and subaccounts within the Project Fund to account for the proceeds of such Series of Notes and any other funds. The moneys deposited in the Project Fund shall be held and applied by the Trustee in accordance with the provisions of this Article.
Sample 1

Related to Establishment of Project Fund

  • Establishment of Trust Accounts (a) (i) The Servicer, for the benefit of the Noteholders and the Certificateholders, shall establish and maintain in the name of the Indenture Trustee an Eligible Deposit Account (the “Collection Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders and the Certificateholders.

  • Establishment of Accounts The Escrow Agent hereby instructs the Depositary, and the Depositary agrees, to establish the separate deposit accounts listed on Schedule I hereto and to establish such additional separate deposit accounts as may be required in connection with the deposits contemplated by Section 2.4 hereof (each, an “Account” and collectively, the “Accounts”), each in the name of the Escrow Agent and all on the terms and conditions set forth in this Agreement.

  • Establishment of Escrow Account Prior to the Issuer initiating the Offering, and prior to the receipt of the first Subscriber funds, Escrow Agent shall establish an account for the Issuer (the “Escrow Account”). All parties agree to maintain the Escrow Account and Escrow Amount (as defined below) in a manner that is compliant with applicable banking and securities regulations. Escrow Agent shall be the sole administrator of the Escrow Account.

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